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Legal & General ( (GB:LGEN) ) has issued an announcement.
Legal & General Group Plc has repurchased 2,000,000 of its ordinary shares as part of its share buyback program announced in March 2025. This move, executed through Barclays Capital Securities Limited, will reduce the total number of shares in issue to 5,765,496,246, potentially enhancing shareholder value by increasing earnings per share and demonstrating confidence in the company’s financial health.
The most recent analyst rating on (GB:LGEN) stock is a Buy with a £3.20 price target. To see the full list of analyst forecasts on Legal & General stock, see the GB:LGEN Stock Forecast page.
Spark’s Take on GB:LGEN Stock
According to Spark, TipRanks’ AI Analyst, GB:LGEN is a Neutral.
Legal & General’s overall stock score reflects significant challenges in financial performance, which is the main concern. Positive technical indicators and corporate events, such as share buybacks and strategic growth plans, partially offset these financial weaknesses. However, the high P/E ratio suggests potential overvaluation risk, balanced by a strong dividend yield.
To see Spark’s full report on GB:LGEN stock, click here.
More about Legal & General
Legal & General Group Plc operates in the financial services industry, primarily offering insurance, investment management, and pension services. The company focuses on providing financial security and investment solutions to a broad range of clients, including individuals and institutions.
Average Trading Volume: 25,018,241
Technical Sentiment Signal: Buy
Current Market Cap: £14.5B
Learn more about LGEN stock on TipRanks’ Stock Analysis page.